Atlantic Trust Group LLC boosted its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 0.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,106 shares of the e-commerce company’s stock after purchasing an additional 34 shares during the period. Atlantic Trust Group LLC’s holdings in eBay were worth $5,381,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in eBay by 2,424.9% during the 1st quarter. BlackRock Inc. now owns 62,409,458 shares of the e-commerce company’s stock valued at $2,095,089,000 after purchasing an additional 59,937,723 shares in the last quarter. Wellington Management Group LLP increased its holdings in eBay by 169.5% during the 1st quarter. Wellington Management Group LLP now owns 37,211,205 shares of the e-commerce company’s stock valued at $1,249,180,000 after purchasing an additional 23,404,909 shares in the last quarter. Boston Partners increased its holdings in eBay by 1.9% during the 1st quarter. Boston Partners now owns 29,574,853 shares of the e-commerce company’s stock valued at $992,828,000 after purchasing an additional 544,112 shares in the last quarter. Independent Franchise Partners LLP increased its holdings in eBay by 17.6% during the 2nd quarter. Independent Franchise Partners LLP now owns 19,322,583 shares of the e-commerce company’s stock valued at $674,744,000 after purchasing an additional 2,898,085 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in eBay by 46.7% during the 1st quarter. Nordea Investment Management AB now owns 14,928,670 shares of the e-commerce company’s stock valued at $501,155,000 after purchasing an additional 4,749,434 shares in the last quarter. 84.91% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on EBAY. J P Morgan Chase & Co set a $38.00 price target on eBay and gave the company a “neutral” rating in a report on Friday, July 21st. BMO Capital Markets reissued a “market perform” rating and issued a $36.00 target price on shares of eBay in a research note on Saturday, July 22nd. Canaccord Genuity reissued a “hold” rating and issued a $34.00 target price on shares of eBay in a research note on Wednesday, September 6th. Vetr raised eBay from a “hold” rating to a “buy” rating and set a $37.30 target price for the company in a research note on Monday, June 12th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $38.00 target price on shares of eBay in a research note on Monday, June 12th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eighteen have assigned a buy rating to the company. eBay currently has an average rating of “Hold” and an average target price of $37.24.
In other eBay news, VP Brian J. Doerger sold 10,450 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $36.56, for a total value of $382,052.00. Following the transaction, the vice president now owns 24,001 shares in the company, valued at $877,476.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Stephen Fisher sold 11,956 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $36.24, for a total transaction of $433,285.44. Following the transaction, the senior vice president now owns 89,740 shares in the company, valued at approximately $3,252,177.60. The disclosure for this sale can be found here. Insiders sold 95,238 shares of company stock worth $3,439,297 in the last 90 days. Corporate insiders own 6.78% of the company’s stock.
Shares of eBay Inc. (EBAY) traded up 0.666% during mid-day trading on Friday, reaching $38.565. 2,148,093 shares of the company’s stock were exchanged. eBay Inc. has a one year low of $27.28 and a one year high of $38.59. The stock has a market cap of $41.28 billion, a PE ratio of 5.785 and a beta of 1.34. The company has a 50 day moving average price of $35.95 and a 200-day moving average price of $34.74. eBay also was the recipient of some unusual options trading activity on Wednesday. Stock traders purchased 2,194 put options on the company. This represents an increase of approximately 231% compared to the typical daily volume of 663 put options.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. eBay had a net margin of 80.93% and a return on equity of 17.50%. The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the previous year, the company earned $0.43 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, analysts predict that eBay Inc. will post $2.00 EPS for the current year.
eBay declared that its Board of Directors has initiated a stock repurchase plan on Thursday, July 20th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the e-commerce company to reacquire up to 7.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.
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